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Topmix BhdXKLS:0302 44 Net-Net Working Capital is RM0.07 as of Mar. 2026. GuruFocus rates XKLS:0302 with a GF Score™ of 44/100. The stock has 2 warning signs investors should review. Among 178 Furnishings, Fixtures & Appliances companies, Topmix Bhd ranks better than 57.87% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Topmix Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM0.07.
The industry rank for Topmix Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0302's Price-to-Net-Net-Working-Capital is ranked better than 57.87% of 178
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 7.14
vs XKLS:0302: 5.43
Topmix Bhd (XKLS:0302) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Topmix Bhd Net-Net Working Capital Related Terms
Topmix Bhd Net-Net Working Capital Historical Data
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The historical data trend for Topmix Bhd's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XKLS:0302 vs SN, SGI, MHK: Net-Net Working Capital Comparison
For the Furnishings, Fixtures & Appliances subindustry, Topmix Bhd's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Topmix Bhd Price-to-Net-Net-Working-Capital vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Topmix Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Topmix Bhd's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of RM0.07 mean?
Topmix Bhd (XKLS:0302) has a Net-Net Working Capital of RM0.07 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Topmix Bhd According to the industry distribution chart, Topmix Bhd ranks #75 out of 178 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 42.1%.
Is Topmix Bhd's Net-Net Working Capital too high?
Topmix Bhd's current Net-Net Working Capital is RM0.07. Based on the distribution chart, Topmix Bhd ranks #75 out of 178 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Topmix Bhd has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Topmix Bhd's Net-Net Working Capital compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Topmix Bhd ranks #75 out of 178 companies for Net-Net Working Capital. This puts Topmix Bhd in the upper half of its industry. The industry median Net-Net Working Capital is 7.14. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Furnishings, Fixtures & Appliances company?
The median Net-Net Working Capital among Furnishings, Fixtures & Appliances companies is 7.14, based on 178 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Topmix Bhd For the Furnishings, Fixtures & Appliances industry, the median Net-Net Working Capital is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topmix Bhd's current Net-Net Working Capital is RM0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topmix Bhd stock overvalued right now?
Topmix Bhd (XKLS:0302) has a current Net-Net Working Capital of RM0.07. The current Net-Net Working Capital is RM0.07. Topmix Bhd's overall GF Score™ is 44/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Topmix Bhd (XKLS:0302), the current Net-Net Working Capital is RM0.07 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Topmix Bhd is an investment holding company. The Group markets and distributes decorative surface products under its proprietary brands, including HPL, compact panels, wall panels, MFC, and other decorative surfaces. It also undertakes in-house product design and collaborates with third-party decor paper suppliers to develop surface designs and finishes for commercial and residential interior applications, such as wall finishes, countertops, furniture, fixtures, and display systems. The Group operates through two business segments: Trading, which involves the wholesale and trading of high-pressure laminated sheets and merchandise of all kinds, and Others, which involves investment holding. The majority of its revenue is derived from Malaysia.
44GF Score
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